Stock Markets

Hong Kong shares fall 3 per cent on global economic worries

Hong Kong shares fall 3 per cent on global economic worries Hong Kong - Hong Kong shares slid back a further 3 per cent Thursday as investors sold off stocks on concerns over the state of the global economy.

The Hang Seng Index fell 611.06 points, or 3.09 per cent, to close the day at 19,388.72 points, just one day after tumbling back through the 20,000 barrier. Turnover was 
69.59 billion Hong Kong dollars (8.9 billion US dollars).

Sensex Dips Further

The benchmark index Sensex declined further into the depressing zone as credit fears mounted in the Asian markets. Realty, oil & gas and power stocks witnessed heavy selling action.

Midcap and Smallcap index declined 0.70% and 0.51% respectively.

Today, the 30-share index, BSE Sensex opened at 14,557.33 after losing 105.28 points, as against its last closure at 14,662.61.

At 11.14 a.m., the 30-share index Sensex stood at 14,452.17, down 210.44 points, after hitting a high of 14,557.33 and a low of 14,452.17.

In the meantime, the broad based Nifty lost 79.70 points at 4,320.55, after touching a high of 4,399.30 and a low of 4,319.20. (11.14 a.m.)

Tokyo stocks open lower on lingering US credit woes

Tokyo stocks open lower on lingering US credit woes Tokyo - Tokyo stocks continued their losing streak Thursday on lingering US credit woes.

The benchmark Nikkei 225 Stock Average declined 149.74 points, or 1.21 per cent, in morning trading to 12,196.89.

The broader Topix index of all first-section issues was also down 18.13 points, or 1.5 per cent, at 1,174.25.

Shares were hit after Lehman Brothers Holdings Inc, the fourth-largest US investment bank, which has been hard-hit by the US financial and mortgage crisis, reported a record loss Wednesday of 3.9 billion dollars.

Sensex Ends 238.15 Pts Down At 14,662.61

Indian equities, on Wednesday (Sep 10), marked their closure on a negative note on the Sensex Ends 183.23 Pts Down At 14,717.53back of discouraging worldwide signals.

Heavy selling action was seen across metal, oil & gas, power and realty stocks.

Midcap and smallcap stocks also contributed to negative reactions that pulled the stock index down.  

After opening with a loss of 183.23 points, at 14,717.53, the 30-share index, BSE Sensex traded weak for the whole day.

Next 4-5 Days Crucial For Stock Mkt Below 14,786 Level, Says Vishwas Agarwal

Indian equities continued their negative journey on Wednesday (Sep 10), as discouraging Next 4-5 Days Crucial For Stock Mkt Below 14,786 Level, Says Vishwas Agarwalnews poured in from world markets.

Metal, power, realty and PSU stocks suffered heavy selling action.
Capital goods and bank stocks managed to find modest support at lower
levels.

IT stocks went up. Some auto, FMCG and pharma stocks gained on
selective buying support. Mid-cap and small-cap stocks lost their way
after a fairly steady start and closed the day with sharp losses.

Wall Street stocks, dollar mount rallies

New York - Wall Street stocks, dollar mount ralliesWall Street stock indices rose Wednesday, while the dollar also rallied and gold prices continued to drop.

The blue-chip Dow added 38.19 points, or 0.34 per cent, to 11,268.92. The broader S&P 500 Index rose 7.53 points, or 0.61 per cent, to 1,232.04. The technology-heavy Nasdaq Composite Index gained 18.89 points, or 0.85 per cent, to 2,228.7.

The US currency rose Wednesday to 71.482 euro cents from 70.84 euro cents on Tuesday. The dollar leapt against the Japanese currency to 107.77 yen from 106.89 yen on Tuesday.

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